Kovalenko had 21 goals, 33 assists, 36 PIMs and a +10 plus/minus through 56 games with Torpedo Nizhny Novgorod (KHL) in 2022-23 and has signed a two-year, entry-level contract with Colorado. The 23-year-old Russian winger was the Avalanche's 2018 sixth-round pick (171st overall) and is currently loaned out for another season to Torpedo for the 2023-24 season.