System Information
Operating system: Linux-5.4.0-90-generic-x86_64-with-glibc2.31 64 Bits
Graphics card: Quadro GP100/PCIe/SSE2 NVIDIA Corporation 4.5.0 NVIDIA 460.91.03

Blender Version
Broken: version: 3.1.0 Alpha, branch: master, commit date: 2021-11-28 18:05, hash: rB444971aa8e55

Short description of error
When drag & dropping an object asset into the 3D viewport it will either try to palce it on the floor in the depth of the 3D cursor.
But when using the orthographic side view it will drop assets in a near infinite distance.
This also only happens when dragging it in positive Z locations of the world (above the floor)

Example