For anyone who has this problem as of Android Studio 1.4, I got it to work by creating a module within the project that contains 2 things.
build.gradle with the following contents:
configurations.create("default")
artifacts.add("default", file('facebook-android-sdk-4.7.0.aar'))
the aar file (in this example 'facebook-android-sdk-4.7.0.aar')
Then include the new library as a module dependency. Now you can use a built aar without including the sources within the project.
Credit to Facebook for this hack. I found the solution while integrating the Android SDK into a project.