TM not updating or no open TM

Dear colleagues, I have just starting using Studio 2017 (Freelancer edition) after using Studio 2014 for many years. However, I am a bit discouraged, as the TM does not seem to be updating and shows "No open translation memory" in the TM window although an active TM IS open in the project settings. All boxes are ticked; I have also made sure the TM update box is ticked in the general settings. I have also upgraded the TM and that did not help either. This means that the TM is now showing translated segments and that I cannot use the concordance search. What am I or what is Trados doing wrong? Thanks for your help!

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