Google released an updated version of Android Studio 3.5. After having updated to this version I get this warning below:
This project uses Gradle KTS build files which are not fully supported.
Some functions may be affected.
However, I believe this warning is restricted to developers who are using the Gradle’s Kotlin DSL to manage their dependencies. Instead of using groovy scripts.
Now android studio 4.0 is officially Support for Kotlin DSL script files(*.kts) so you need to update it and see the warning removed from your Event Log.
you can check below image and read from it official Document