Modular multilevel converters (MMCs) have emerged as the most promising topology for high and medium voltage applications for the coming years. However, one particular negative characteristic of MMCs is the existence of circulating current, which contains a dc component and a series of low-frequency even-order ac harmonics. If not suppressed, these ac harmonics will distort the arm currents, increase the power loses, and cause higher current stresses on the semiconductor devices. Repetitive control (RC) is well known due to its distinctive capabilities in tracking periodic signals and eliminating periodic errors. In this paper, a novel circulating current control scheme base on RC is proposed to effectively track the dc component and to restrain the low-frequency ac harmonics. The integrating function is inherently embedded in the RC controller. Therefore, the proposed circulating current control only parallels the RC controller with a proportional controller. Thus, conflicts between the RC controller and the traditional proportional integral (PI) controller can be avoided. The design methodologies of the RC controller and a stability analysis are also introduced. The validity of the proposed circulating current control approach has been verified by simulation and experimental results based on a three-phase MMC downscaled prototype.