Media Libary "Replace" not functioning correctly

I am able to use the Media Library to export audio and edit in an external audio editing tool. However, when I use the "Replace" feature to reimport the audio, although the name updates in the Media Library the audio file does not udpate. As a workaround, I go into Timeline import the new audio, and delete the old audio.

 

ps if you want to suggest use "Edit" in Media Library instead, please note that I have not been able to successfully use this features. (I posted separate a issue about that, it crashes Storyline).