There are more than 20 ways a soccer player can receive a ball. While that seems like a lot to learn, it's worth it to have the soccer skills needed to overmatch an opponent on the pitch.
Coach V provides extensive soccer training drills for collecting the ball in his 5-disc "SoccerU" DVD series. Below is a sample on receiving the ball with the outside of the foot.
While using the outside of the foot for receiving is considered an advanced skill by some, Coach V points out that with the proper teaching, it can be retained by players of all ages.