I would like to replace an existing master component with a new version without having to update the existing master component. I copied the new version and replace with the existing master component. The designs that initially used the existing master component didn’t get updated with a new one. 

When I select the existing master component in the design, I get the following message with the ‘Reset to default’ button.

‘Missing variant’

The selected variant is missing in the component

When I click the reset to default button, the component overrides with the new version. But I want this change to be applied automatically without me having to click one component at a time to override it. 

How can I reflect the change with the new version automatically after replacing the master component?