Bournemouth bolstered their attacking ranks with the addition of Benik Afobe from Wolverhampton Wanderer before bringing back former player Grabban from Norwich.
With the two clubs battling for Premier League survival, selling a potential goal-scorer to a key rival may have raised eyebrows in Norwich – especially considering their own striker shortage.
Neil, however, explained how the situation was problematic but suggested the Cherries’ offer was simply too good to refuse.
“It’s always a dilemma - do you let a player go to one of your rivals or not? But Bournemouth were ready to pay more for Grabban than any other club,” he explained.
“We also felt that if we didn’t take it we wouldn’t get a better offer in the future. So selling made a lot of sense and we now have money to play with in the transfer window.”
Grabban joined Norwich from then-Championship rivals Bournemouth in the summer of 2014 and played a role in the Canaries’ ensuing return to the Premier League, scoring 12 league goals.
However, he has struggled to make an impact in the top flight and spent most of the campaign on the periphery of the first-team squad, featuring only sporadically.
Norwich seemingly did not count on his services, yet selling to Bournemouth despite his inability to perform at Carrow Road was a debatable decision due to his good form under Cherries boss Eddie Howe.
Both newly-promoted clubs sit just outside the bottom three, however Bournemouth may feel more confident about survival at present due to their January transfer window activity.