Hi Jayashri,
If i understood your problem , your were trying to update an value which is associated to other entity.
For this Create a microflow for save button , inside microflow do retrieve entity which your target to update. Followed by update the value to the retrieved entity using change object.
Notes:
Try to check is retrieved object was available i mean created or not if necessary.
If this doesn't helps, provide some more information about your problem with some screen shots if possible.
Regards,
Sathya Reddy