Chrome 138 requires an additional flag to use all these.
First set:
chrome://flags/#temporary-unexpire-flags-m137 ⭢ [Enabled]
Then restart Chrome and you can set:
chrome://flags/#extension-manifest-v2-deprecation-warning ⭢ [Disabled]
chrome://flags/#extension-manifest-v2-deprecation-disabled ⭢ [Disabled]
chrome://flags/#extension-manifest-v2-deprecation-unsupported ⭢ [Disabled]
chrome://flags/#allow-legacy-mv2-extensions ⭢ [Enabled]
And restart Chrome again.
[Cre: Reddit]