Use System Browser for Dynamic Link Import Dialog
The built-in file browser for File > Adobe Dynamic Link > Import Premiere Pro Sequence... doesn't show Windows shortcuts or OneDrive folders. We should be able to browse using the system file explorer.

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Ásta Soffía Pétursdóttir commented
The pain is real.. but you can also use the Media Browser to import the Linked comp (that also linkes the sounds from AE).
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Ian Richens commented
yes please, I keep working files in a sharepoint folder, and i can't dynamic link a premiere file to an AE file /in the same folder/ because i can't browse to it.
just using the system browser would fix this, it's all stored locally so there shouldn't be any issue once the files are actually found
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Kerem Floor commented
Same thing happened to me on Windows. Ondrive folders shows in dynamic link on mac though, so I was able to link there and the links were retained when opening the project back in Windows" ..but this is of course not a viable workaround for most and time-consuming. But it shows that dynamic link actually sees onedrive folders..
I am pretty sure that dynamic link to/from/and within Onedrive folders used to work in Windows earlier.