alter table source add constraint fk_test foreign key (fk) references target(id) not valid;
Working as documented.
"""
[...] NOT VALID, which is currently only allowed for foreign key and CHECK constraints. If the constraint is marked NOT VALID, the potentially-lengthy initial check to verify that all rows in the table satisfy the constraint is skipped. The constraint will still be enforced against subsequent inserts or updates (that is, they'll fail unless there is a matching row in the referenced table, in the case of foreign keys; and they'll fail unless the new row matches the specified check constraints)
