Force OneDrive/Excel to return the local file path instead of a cloud URL

Hello,
I have all my 3D models stored in a OneDrive-synced folder, including the Excel file that controls many of the model parameters. I work on three different PCs, so using OneDrive for synchronization would be ideal.

However, my modeling software Solid Edge runs into a specific issue:
it does find the linked Excel file in the OneDrive-synced folder and attempts to open it, but as soon as it tries to read the parameters, it gets stuck in an endless loop. The reason is that Excel no longer provides a normal local Windows file path for the workbook—even though the file is fully available offline. Instead, Excel exposes the OneDrive/SharePoint URL, and Solid Edge cannot process this URL, which causes the loop.

What I have tried so far:

1. Enabled “Keep files on this device” for the entire project folder
2. Completely shut down OneDrive (disabled it and killed all OneDrive processes in Task Manager)
3. Tried changing the stored Excel path inside Solid Edge from a local path to the OneDrive URL — Solid Edge does not accept URLs as valid paths

None of these attempts solved the issue.
If anyone has a reliable method to make Solid Edge read a OneDrive-synced Excel file as a local file path, I would really appreciate your help.