Replace Footage with CC Library asset

I have a Team Project with a lot of sound effects. Currently we have a shared SFX folder in a cloud service that we use to sync up sound files.

Now that Premiere allows for audio Libraries, we're considering moving our workflow into a CC Library so that we don't need to worry about keeping a synced SFX folder. Is there a good way to replace the existing assets in a project with identical assets from a CC Library?

Currently the best option I've found would be to add all the SFX to a CC Library, then import the sounds into the project from that Library, then manually Replace Footage using the SFX file that gets created on the Scratch Disk after importing from the Library.

This would be hugely time consuming, and I'm not even sure this would be an actual solution because it's still just looking for the local file from the Scratch Disk and maybe not flagging the asset as a file from the shared Library.

I've also tried importing the Library assets then Consolidating Duplicates, hoping that it would prioritize the Library assets. No luck - it did not even recognize the assets as duplicates, probably because they are different file paths.

tl;dr - Anyone know a good way to make Premiere use a Library version of an asset instead of a local version?

Thanks for any help.

[Moderator note: moved to appropriate forum.]