any word on this being fixed

Absolutely. And when I try to relink it sends me to my own documents and pictures, not to my CC library...

One year and half after, still a **** relink images when yo have houndreds of them in a single fle. InDesign has it since early days...

I'm currently editing a doc that requires updating links for over ~150 image assets. This is a terrible pain not having this feature.

Please fix that linking/ update cloud hiccup or at least give me an option to tell illustrator to use a certain library - I switched subscriptions (company I used to be employed with) to now my personal account and EVERYTHING is broken when I copied the libraries! Relinking 30 assets a file is NOT FUN. (mulitply that by dozens of files for the same account - UGH - Instant regret on using libraries instead of just folders with assets!!!!! This is a bad joke :(

THIS IS RIDICULE, as even in Indesign it is possible and also an automated process or relinkng all other images in the same folder.

#2: Faster ways to re-link images on the cloud. It currently takes up to 5 clicks per image but could be simplified to as little as two (something like right click, re-link image would be awesome here). Also being able to re-link multiple images at once would be ideal. Currently only one image can be re-linked at a time on the cloud making re-linking multiple graphics painfully slow and tedious. There have been scripts made to re-link multiple images at once so I hope this is something adobe will end up adding into the software in the future.

Kate I'm going to add this onto your request since you're asking for the same feature.

I made a video regarding Creative Cloud Libraries requesting a couple of features as well as a few bugs I've discovered.

https://www.youtube.com/watch?v=T0ugcJ1O83w&t=9s

Requests
#1: The ability to make the graphic you drag automatically become linked to the cloud. Similar to how it does when you make a symbol.

#2: Faster ways to re-link images on the cloud. It currently takes up to 5 clicks per image but could be simplified to as little as two (something like right click, re-link image would be awesome here). Also being able to re-link multiple images at once would be ideal. Currently only one image can be re-linked at a time on the cloud making re-linking multiple graphics painfully slow and tedious. There have been scripts made to re-link multiple images at once so I hope this is something adobe will end up adding into the software in the future.

#3: (Forgot to mention this in the video) The ability to make folders in the library so we can separate artwork more easily. Currently we can only view all images in the library in alphabetical order. I realize you can make multiple new libraries but this requires multiple invites when you are doing a collaboration and isn't practical. Being able to add folders like we do with files onto the library would be a huge benefit.

#4: Make other assets like colors, graphic styles, etc. sync-able just like graphics so that they can be edited and updated across multiple documents.

Bugs
#1 editing and saving images sometimes tries to save locally rather than back on the cloud.

#2 colors added to the cloud do not copy info when transferring to swatches.