Use LINQ to SQL with new Visual Studio Project format?

Question

Is there a way to make Visual Studio LINQ to SQL tools to work with new Visual Studio project format?

I do following 2 steps:

1. I create new class library and set TargetFramework as net48 (or lower):

<Project Sdk="Microsoft.NET.Sdk">

  <PropertyGroup>
    <TargetFramework>net48</TargetFramework>
    <LangVersion>latest</LangVersion>
  </PropertyGroup>

</Project>

2. I right click on the project (class library), Add -> New Item..., LINQ to SQL Classes (*.dbml extension).

At this point Visual Studio 2019 (latest, v16.4.2) just hangs (not responding - indefinitely).

Is there a way to make LINQ to SQL tools work with new project format?

P.S. LINQ to SQL tools are correctly installed (Installer -> Individual components)