Xcode 8 Beta 3 Use Legacy Swift issue

I have an Objective-C project in Xcode 8 Beta 3. Since updating, whenever I try to build I receive the following error:

“Use Legacy Swift Language Version” (SWIFT_VERSION) is required to be configured correctly for targets which use Swift. Use the [Edit > Convert > To Current Swift Syntax…] menu to choose a Swift version or use the Build Settings editor to configure the build setting directly.

Has anyone encountered this? Since it's an Objective-C project there's no build setting to configure Swift. I have also made sure none of the project dependencies or CocoaPods are using Swift. The only solution I have is to use Beta 2. Any ideas how I might fix this issue?

I should also mention I'm running OSX 10.12 Beta 2.

If you are using CocoaPods and want it to be fixed automatically every time you are doing a pod install, then you can add these lines to the end of your Podfile:

post_install do |installer|
    installer.pods_project.targets.each do |target|
        target.build_configurations.each do |config|
            config.build_settings['SWIFT_VERSION'] = '3.0'
        end
    end
end

EDIT: This problem is now fixed if you use CocoaPods v1.1.1 or later. Don't forget to remove the ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES setting from your main project targets.

I just found a way to fix it.

Go to the Build settings of the project or library and set the Swift Compiler Version attribute "Use Legacy Swift Language Version" from Unspecified to Yes or NO.